There are just not a lot of people who wanted a new PC nowadays.
International Data Corporation (IDC) has published its fourth quarter report of the PC market in the Philippines. And the results were disappointing to say the least.
The company measured that the Philippine PC Market decreased by 18.5% on a quarter-on-quarter (QoQ) basis and fell 48.9% year-on-year (YoY). This is a massive decline and IDC analyzed that was due to consumers focusing their spending on holiday season materials.
“The market declined across notebooks and desktops. Household consumption was largely fulfilled and refocused on other spending activities geared toward the holiday season. Macroeconomic pressures further drove inventory rationalization among vendors,” said Jeeno Velasco, Associate Market Analyst, IDC Philippines.
This decline affects both the private and public sectors. The government for instance, has not announced any new major spending for IT materiel while enterprises and businesses were reluctant to purchase due to “negative financial outlook”. The consumer space is also yet to recover
“Demand for desktops and the influx of company workers required to report back to work should have increased shipments for the corporate sector, but this didn’t pan out. Economic issues such as rising inflation, higher interest rates, and a looming recession from abroad dampened corporate spending, especially for business process outsourcing (BPO) companies,” added Velasco.